Clark
Mobile-first digital insurance broker
- Christopher Oester, CEO
- Frankfurt, Germany
- April 2018
- Current
- Series B
The Investment
The insurance market in Germany is fascinating, driven by a German love for insurance.
German is one of the top 5 largest insurance markets in the world, with over €194bn in annual gross written premium and c.50k predominantly offline insurance brokers across the country. At the same time, the majority of policyholders are unhappy with their insurance providers.
Christopher and the team at Clark are focused on bringing this large and fragmented market online with a superior customer experience. Clark is powered by a robo-advisory platform which scales insurance advice and supported by a team of certified insurance experts available via chat, email and phone to cover all insurance needs in one place.
Why We Invested
Investing in European InsurTech with CLARK, Germany’s largest digital broker
The insurance market in Germany is fascinating, driven by a German love for insurance. On average Germans hold 6.5 policies and pay annual premiums of almost €2.5k, making it one of the top 5 largest insurance markets in the world, with over €194bn in annual gross written premium. And even with a relatively flat population over the last 10 years, premiums have actually increased by 22%.
Read the postIn the News
CLARK acquires Finanzen Group and becomes a unicorn
CLARK announces a deal with Allianz X to integrate Finanzen Group, one of the leading platforms for lead generation and trading in the Europe. Existing investors White Star Capital, Tencent, Yabeo and Portage, as well as new investors Eldridge and Kreos provided the capital for the transaction, now making Clark a unicorn and one of the world's largest insurtechs.